Conning Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,420 shares of the insurance provider's stock after selling 36,232 shares during the period. Conning Inc. owned approximately 0.08% of Travelers Companies worth $34,489,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Carnegie Capital Asset Management LLC lifted its holdings in shares of Travelers Companies by 1.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 14,098 shares of the insurance provider's stock valued at $2,686,000 after purchasing an additional 210 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Travelers Companies by 13.6% during the 4th quarter. Vontobel Holding Ltd. now owns 134,021 shares of the insurance provider's stock valued at $25,530,000 after purchasing an additional 16,044 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Travelers Companies during the 4th quarter valued at about $2,629,000. Crestwood Advisors Group LLC lifted its holdings in shares of Travelers Companies by 6.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,387 shares of the insurance provider's stock valued at $264,000 after purchasing an additional 88 shares in the last quarter. Finally, Simplicity Solutions LLC lifted its holdings in shares of Travelers Companies by 2.8% during the 4th quarter. Simplicity Solutions LLC now owns 9,219 shares of the insurance provider's stock valued at $1,756,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 82.45% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 5th. Janney Montgomery Scott assumed coverage on Travelers Companies in a research report on Wednesday, December 20th. They issued a "buy" rating and a $215.00 target price on the stock. HSBC lifted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a "hold" rating in a research report on Thursday, April 4th. UBS Group lifted their target price on Travelers Companies from $205.00 to $225.00 and gave the company a "neutral" rating in a research report on Tuesday, January 23rd. Finally, Raymond James lifted their target price on Travelers Companies from $220.00 to $245.00 and gave the company a "strong-buy" rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $212.94.
Get Our Latest Stock Report on TRV
Travelers Companies Stock Performance
Shares of TRV stock traded up $0.70 during trading on Friday, reaching $221.10. 1,100,306 shares of the company's stock were exchanged, compared to its average volume of 1,067,048. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $50.66 billion, a PE ratio of 17.29, a PEG ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm's fifty day moving average price is $221.66 and its 200-day moving average price is $195.30.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $1.91. The business had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.40 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.62 EPS for the current year.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.81%. Travelers Companies's dividend payout ratio (DPR) is presently 31.27%.
Insider Activity at Travelers Companies
In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the business's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the company's stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the sale, the senior vice president now owns 719 shares of the company's stock, valued at $153,046.34. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock worth $23,343,903 in the last ninety days. 1.29% of the stock is owned by company insiders.
Travelers Companies Profile
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Free Report)
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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